Singapore is impacted by a 10% tariff from the U.S., with #GDP expectations revised down to 0%-2%, and #MAS is set to ease monetary policy for the second time this year.

The Singapore dollar has depreciated by about 1.5% against the U.S. dollar since the beginning of the year.

On-chain data shows that the trading volume of #USDC flowing from Singapore addresses to Coinbase Prime has significantly increased, indicating that funds may be seeking safe-haven assets.